Talbot Financial LLC Purchases 216 Shares of Costco Wholesale Co. (NASDAQ:COST)

Talbot Financial LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 1.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,306 shares of the retailer’s stock after buying an additional 216 shares during the period. Costco Wholesale accounts for about 2.1% of Talbot Financial LLC’s portfolio, making the stock its 13th largest position. Talbot Financial LLC’s holdings in Costco Wholesale were worth $17,115,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of COST. Strong Tower Advisory Services grew its position in Costco Wholesale by 7.9% during the 1st quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock worth $1,346,000 after purchasing an additional 137 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in Costco Wholesale by 52.1% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after purchasing an additional 2,620 shares during the last quarter. Main Street Financial Solutions LLC raised its stake in shares of Costco Wholesale by 22.8% in the second quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock worth $3,003,000 after purchasing an additional 656 shares during the last quarter. Parcion Private Wealth LLC boosted its holdings in shares of Costco Wholesale by 30.8% in the 2nd quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock valued at $4,757,000 after acquiring an additional 1,319 shares during the last quarter. Finally, Aspiriant LLC grew its position in Costco Wholesale by 6.1% during the 1st quarter. Aspiriant LLC now owns 2,327 shares of the retailer’s stock worth $1,705,000 after purchasing an additional 134 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the transaction, the executive vice president now directly owns 8,630 shares in the company, valued at approximately $7,671,983.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the completion of the transaction, the executive vice president now directly owns 8,630 shares in the company, valued at $7,671,983.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the sale, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,174 shares of company stock worth $7,097,624 over the last three months. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the topic of a number of recent research reports. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price on the stock in a research note on Thursday, August 8th. Wells Fargo & Company raised their price objective on shares of Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Barclays increased their price target on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Truist Financial cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective for the company. in a report on Tuesday, September 24th. Finally, Stifel Nicolaus raised their target price on Costco Wholesale from $915.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $883.04.

Costco Wholesale Trading Up 1.9 %

Shares of Costco Wholesale stock opened at $890.42 on Wednesday. The stock has a 50 day moving average of $876.57 and a 200 day moving average of $823.41. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The firm has a market capitalization of $394.75 billion, a price-to-earnings ratio of 55.17, a PEG ratio of 5.34 and a beta of 0.80. Costco Wholesale Co. has a fifty-two week low of $540.23 and a fifty-two week high of $923.83.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The business had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $4.86 EPS. As a group, research analysts predict that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.